What type of home $1.5M will buy in the Charlotte area — and current trends in luxury market

CHARLOTTE, N.C. — Home buying in Charlotte’s luxury market appears to be more fluid so far in 2018 when compared to last year.

[RELATED: Which Charlotte-area neighborhoods post the hottest housing markets?]

Through the first eight months of the year, the number of local closings, pending sales, new listings and inventory in the $1 million to $2 million price range were up from the same time in 2017, although homes stayed on the market for nearly 11 days longer, according to Carolina Multiple Listing Services Inc. data.

The Charlotte Business Journal has taken a closer look at housing activity in that $1 million to $2 million range. Read more about the trend in that market and see photos of homes in that price range here.

Read more top trending stories on wsoctv.com:

• Lowe's announces plans to close more than 50 stores across US, Canada
• Police identify woman killed inside Steele Creek home; no arrests made
• WATCH: Keith Monday's Monday forecast outlook
• Woman who harassed 2 black women at Charlotte apartment complex turns herself in
• Angela Simmons' ex-fiance Sutton Tennyson shot and killed in Atlanta

Cox Media Group